Kraft Heinz Plans to Invest $199 Million in U.K. Plant
01 Junho 2021 - 3:16AM
Dow Jones News
By Adria Calatayud
Kraft Heinz Co. said Tuesday that it plans to invest 140 million
pounds ($199 million) in Kitt Green, a food-manufacturing facility
located near Wigan in the U.K.
The food company said this would be its biggest investment in an
existing manufacturing site outside the U.S. in more than two
decades. It could create up to 50 new full-time jobs, the company
said.
The company also said this is one of the largest proposed
investments in a British manufacturing facility after Brexit.
Kraft Heinz said it will bring Heinz sauce manufacturing back to
the U.K., upgrade machinery and align the plant with its
environmental, social and governance, or ESG, commitments as part
of the investment.
The investment, which remains subject to final U.S. approvals
from Kraft Heinz later in the year, will seek to modernize the
site's manufacturing capabilities over the next four years, the
company said.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
June 01, 2021 02:09 ET (06:09 GMT)
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